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CLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameCLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN
Plan identification number 005

CLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

CLASSICPLAN PREMIUM FINANCING, INC has sponsored the creation of one or more 401k plans.

Company Name:CLASSICPLAN PREMIUM FINANCING, INC
Employer identification number (EIN):470945331
NAIC Classification:522298
NAIC Description:All Other Nondepository Credit Intermediation

Additional information about CLASSICPLAN PREMIUM FINANCING, INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 1711994

More information about CLASSICPLAN PREMIUM FINANCING, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052023-01-01JAMES WALSKI2024-06-20
0052022-01-01JAMES WALSKI2023-06-26 JAMES WALSKI2023-06-26
0052021-01-01JAMES WALSKI2022-06-14
0052020-01-01JAMES WALSKI2021-04-22
0052019-01-01JAMES WALSKI2020-07-17
0052018-01-01JAMES WALSKI2019-06-26
0052017-01-01JAMES WALSKI2018-06-06
0052016-01-01JAMES WALSKI2017-05-22 JAMES WALSKI2017-05-22
0052015-01-01JAMES WALSKI2016-05-03
0052014-01-01JAMES WALSKI2015-05-01
0052013-01-01JAMES WALSKI2014-07-03
0052012-01-01JAMES WALSKI2013-07-19
0052011-01-01PETER WALSKI2012-09-14
0052010-01-01PETER WALSKI2011-10-06

Financial Data on CLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : CLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-06-270
Total expenses incurred by plan in this plan year2025-06-2737331
Net assets as of the end of the plan year2025-06-274334808
Total assets as of the beginning of the plan year2025-06-273612538
Value of plan covered by a fidelity bond2025-06-27400000
Participant contributions to plan in this plan year2025-06-27173622
Value of participant loans at end of plan year2025-06-2722668
Other income to plan in this plan year2025-06-27515819
Plan net income in this plan year2025-06-27722270
Net assets as of the end of the plan year2025-06-274334808
Net assets as of the beginning of the plan year2025-06-273612538
Employer contributions to plan in this plan year2025-06-2770160
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-272569
2024 : CLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-06-200
Total expenses incurred by plan in this plan year2024-06-20270156
Net assets as of the end of the plan year2024-06-203612538
Total assets as of the beginning of the plan year2024-06-203156685
Value of plan covered by a fidelity bond2024-06-20400000
Participant contributions to plan in this plan year2024-06-20137000
Value of participant loans at end of plan year2024-06-206955
Other income to plan in this plan year2024-06-20526467
Plan net income in this plan year2024-06-20455853
Net assets as of the end of the plan year2024-06-203612538
Net assets as of the beginning of the plan year2024-06-203156685
Employer contributions to plan in this plan year2024-06-2062542
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-20419
2022 : CLASSICPLAN PREMIUM FINANCING, INC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-06-140
Total expenses incurred by plan in this plan year2022-06-142413408
Net assets as of the end of the plan year2022-06-143853460
Total assets as of the beginning of the plan year2022-06-145445221
Value of plan covered by a fidelity bond2022-06-14400000
Participant contributions to plan in this plan year2022-06-14129408
Value of participant loans at end of plan year2022-06-1429640
Other contributions to plan in this plan year2022-06-14312
Other income to plan in this plan year2022-06-14611220
Plan net income in this plan year2022-06-14-1591761
Net assets as of the end of the plan year2022-06-143853460
Net assets as of the beginning of the plan year2022-06-145445221
Employer contributions to plan in this plan year2022-06-1480707
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-14475

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